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Jan 24, 2011
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the deficit commission thinks we should and i agree. >> chris: and, of course, the deficit commission and as you say you voted for the bowles simpson plan also called for raising the retirement age far off in 2075 but you stand by that and would support all of that. >> there are some parts that i, of course, would change, i don't agree with every paragraph. i was around in 1983 when social security was facing bankruptcy. on a bipartisan basis we bought so many years almost 50 years in longevity in social security because we finally said for goodness sakes this isn't about selling bikes, it is about social security, get it right and we did. we can do it again. the deficit commission, chris, you referred to one aspect of it. raising the retirement age by one year from 67 to 68 over a 40 year period of time. what is means is that any person in the area over the age of 28 today would not see any change in social security. that is not an unreasonable approach. >> chris: as you heard in my discussion, senator mcconnell vows he is going to bring a repeal of healthcare reform to the senate fl
the deficit commission thinks we should and i agree. >> chris: and, of course, the deficit commission and as you say you voted for the bowles simpson plan also called for raising the retirement age far off in 2075 but you stand by that and would support all of that. >> there are some parts that i, of course, would change, i don't agree with every paragraph. i was around in 1983 when social security was facing bankruptcy. on a bipartisan basis we bought so many years almost 50 years...
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Dec 24, 2009
12/09
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is still projecting a cut in the deficit. >> it reduces the deficit by $132 billion. that's the last statement from the c.b.o. addressing the deficit. >> but republicans argue can't do that and protect medicare, that, in effect you can only use money you put in your some savis account if you haven't already spent it. the republicans hope to use the c.b.o. to remind democrats that there is no way they said they would support anything that increased the deficits, as did president obama. bret: notice that senators lieberman, nelson, lincoln and landrieu were not in the big democratic news conference. >> that is correct, although one of them's spokesman said it was just a staff mix-up. bret: i'm sure. jim, thank you. we will have a special edition of "special report" thursday morning to cover the historic vote. please join us at 6:55 a.m. eastern. set your alarms. it has been a relatively quiet day for president obama. he gave two interviews almost entirely on healthcare reform. let's get details from major garrett. good evening, major. >> good evening, bret. the presiden
is still projecting a cut in the deficit. >> it reduces the deficit by $132 billion. that's the last statement from the c.b.o. addressing the deficit. >> but republicans argue can't do that and protect medicare, that, in effect you can only use money you put in your some savis account if you haven't already spent it. the republicans hope to use the c.b.o. to remind democrats that there is no way they said they would support anything that increased the deficits, as did president...
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Feb 2, 2010
02/10
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so all 700 billion got added to the deficit that's where he gets 1.3 trillion the 600 real deficit and the 700 of tarp. since he has been president 500 of the 700 got paid back. so the deficit should have been 800 billion. >> sean: so he's being manipulative with the numbers. >> he spent 300 of that on his stimulus package that's how the deficit got to be 1.4. >> sean: if we add up the eight years of president bush a little over three trillion total deficits accumulated debt, if you want to call it debt when it's accumulated. almost in two years he has met the debt that bush accumulated in eight and we trillion dollar deficits as far as the eye can see. >> when you said in your intro fiscal ruin. i want to be specific. we are in the same position as a country as the subprime borrowers were we are getting a teaser rate of 3% because we are printing the money we are borrowing, giving it to banks and borrowing it back at 3%. the federal government has to stop doing that in the next few minutes. then we have to borrow real money at real interest rates. this debt service that now is about b
so all 700 billion got added to the deficit that's where he gets 1.3 trillion the 600 real deficit and the 700 of tarp. since he has been president 500 of the 700 got paid back. so the deficit should have been 800 billion. >> sean: so he's being manipulative with the numbers. >> he spent 300 of that on his stimulus package that's how the deficit got to be 1.4. >> sean: if we add up the eight years of president bush a little over three trillion total deficits accumulated debt,...
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Feb 1, 2010
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in deficit rugs in the budget. officials say to not factor health care reform is giving up on an issue that the congressional budget office says would reduce the deficit. officials are confident they can find a compromise. but the democrats could not find common ground alone. >> and to the north lawn. we are looking this week at the sea of red ink from the capitol. chief washington correspondent begins the series "one nation under debt," examining a spending pattern that is unsustainable. the nation confronts scary news each career at this time. hour debt levels are bad. and getting worse. and getting a lot worse. a lot faster. >> we will double the federal debt in the next five years. and triple it in the next 10 years. triple the debt this 10 years. these are numbers that are staggering. >> for young people they have a stake in the outcome of the debate. their future is mortgaged. >> walker who wrote a book says u.s. debt is more than $12 trillion but we have made promises in programs such as medicare and social
in deficit rugs in the budget. officials say to not factor health care reform is giving up on an issue that the congressional budget office says would reduce the deficit. officials are confident they can find a compromise. but the democrats could not find common ground alone. >> and to the north lawn. we are looking this week at the sea of red ink from the capitol. chief washington correspondent begins the series "one nation under debt," examining a spending pattern that is...
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Sep 28, 2009
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>> there are good deficits and bad deficits. there isn't a universal rule. look what reagan did, he ran a deficit, won the cold war, cut spending -- >> he didn't have a broken financial system. >> it led to a 25-year bull market run. so that is a way where a deficit served the purpose of stem late ing -- david: mike. >> i agree with jack that there are good and bad deficits. a good one is where you borrow money that pays dividendses later on. ever since i was cognizant of the news we have had healthcare problems and pollution problems unsolved. now people say we can't address them we don't have the money. that is what they always say. that that is why the problems persist. >> all the numbers don't take into account the cost of bailout which is $11.3 trillion. you saw a goldman sachs executive saying it takes a pillage to fix the system. would any president have been elected if they played it straight with the american people they were going to spend $3.6 trillion on a budget we don't know will be effective. $ $787 billion -- david: hold on. will any presiden
>> there are good deficits and bad deficits. there isn't a universal rule. look what reagan did, he ran a deficit, won the cold war, cut spending -- >> he didn't have a broken financial system. >> it led to a 25-year bull market run. so that is a way where a deficit served the purpose of stem late ing -- david: mike. >> i agree with jack that there are good and bad deficits. a good one is where you borrow money that pays dividendses later on. ever since i was cognizant...
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Jan 23, 2011
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>> dust off the deficit commission report, the president's deficit commission. look at some of the things we address there. first, $3 in spending cuts for every dollar in new revenue. so, it was serious when it came to cutting spending. you must do that. secondly, when it came to revenue, look at the tax code. chris, in all the time i have been in washington, we have never put the tax code on the table and said, does it still make sense, all the deduction and credits and all the tax earmarks, does it make sense, that cost us $1.1 trillion, each year, all of the tax code deduction, taking money out of the treasury, equal the personal income taxes collected in america. why don't we have that conversation? the deficit commission thinks we should and i agree. >> chris: and the deficit commission, as you say you voted for the bowles simpson plan calls for raising the retirement age far off in 2075 but you stand by and support all of that? >> some parts i of course, and i don't agree with every paragraph. i was around in 1983 when social security was facing bankruptcy
>> dust off the deficit commission report, the president's deficit commission. look at some of the things we address there. first, $3 in spending cuts for every dollar in new revenue. so, it was serious when it came to cutting spending. you must do that. secondly, when it came to revenue, look at the tax code. chris, in all the time i have been in washington, we have never put the tax code on the table and said, does it still make sense, all the deduction and credits and all the tax...
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Aug 25, 2009
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not going to increase the deficits. >> economists say these new deficit numbers are likely to deepen public anxiety about big new federal spending and today the non-partisan congressional budget office said its ten-year projection for federal deficits is $3 trillion higher from the one it put forth in march, and that's without counting any new white house requests for healthcare spending, energy spending or extended unemployment benefits to cash-strapped states. bret: consumer confidence rose 14% in july, much higher than expected, with nearly 3% in the second quarter. the first such increase in three years. prices are still down almost 15% from a year ago, though. stocks reacted positively today. the dow was up for the sixth straight session, gaining 30. the s&p 500 picked up 2 1/2. nasdaq rose 6 1/4. we have more on documents released monday detailing information learned on the interrogation of terror suspects. the question -- does the data support dick cheney's position that enhanced techniques were successful? we report. you decide. here is national correspondent catherine herrid
not going to increase the deficits. >> economists say these new deficit numbers are likely to deepen public anxiety about big new federal spending and today the non-partisan congressional budget office said its ten-year projection for federal deficits is $3 trillion higher from the one it put forth in march, and that's without counting any new white house requests for healthcare spending, energy spending or extended unemployment benefits to cash-strapped states. bret: consumer confidence...
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Feb 14, 2012
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except juan agrees that he didn't cut the deficit in half. all right? so we have to have one, you know what it is. always one dopey -- don't be that guy, juan. >> complicates matters. >> bill: number two, all right? the president's budget that he gave today, all right? doesn't cut any deficit. it increases the debt by 1.3 trillion. do we all agree? >> yes. we all agree. >> bill: yes, we do. yes, we can. >> we all agree. but you must also think about what exactly are republicans proposing, dr. o'reilly. >> i didn't know they proposed a budget. >> bill: if ron paul is elected. there will be no federal government, juan. everything is gone. we're going to do what the romans did to cartridge. we are going to destroy the capital city and put salt down so nobody else can grow things there. >> he would get credit with me for actually even trying or looking serious about. this he wouldn't have to actually meet the haling the deficit for me. i would like to see him not put forth four straight budgets that do raise the deficit over $1 trillion. i would
except juan agrees that he didn't cut the deficit in half. all right? so we have to have one, you know what it is. always one dopey -- don't be that guy, juan. >> complicates matters. >> bill: number two, all right? the president's budget that he gave today, all right? doesn't cut any deficit. it increases the debt by 1.3 trillion. do we all agree? >> yes. we all agree. >> bill: yes, we do. yes, we can. >> we all agree. but you must also think about what exactly...
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Oct 10, 2009
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. >> one dime to our deficits. neil: well, they said it. this week the congressional budget office confirmed it. that $829 billion health care bill will not add to the deficit. what else did it confirm? well, a few dimes in the new taxes to pay for it, around $400 billion worth. hi, everybody. i'm neil cavuto. let's get reaction. charles what do you make of this? >> no, it won't hit the deficit but it's going to hit everybody watching this show. we're going to tax the medical device makers, insurance companies. by the way if your family can't afford the $12,000 awe year, you'll have to pay $750. that's going to be a lot of families who opt out, ok, $750 or $12,000. i'll go with the $750. eventually we're all going to subsidize this, all taxpayers at some point. we're going to have higher fees from medical device makers and drug companies. at the end of the day maybe it won't hit the deficit but it's going to hit us all in the pocketbook. neil: dagen? >> not one dime to the deficit and my name is dolly parton. [laug
. >> one dime to our deficits. neil: well, they said it. this week the congressional budget office confirmed it. that $829 billion health care bill will not add to the deficit. what else did it confirm? well, a few dimes in the new taxes to pay for it, around $400 billion worth. hi, everybody. i'm neil cavuto. let's get reaction. charles what do you make of this? >> no, it won't hit the deficit but it's going to hit everybody watching this show. we're going to tax the medical device...
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Apr 20, 2011
04/11
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they avoid the tax increases to bring down the deficit. one constituent on whether it's better to cut spending or raise taxes inzationed. >> you have to do both. >> i believe the best way to getting higher revenues is better, faster economic growth. >> i'm fearful that if we go down the tax increasing route, we will actually slow down the economy which will make it harder for us to balance the budget and pay off the debt. >> but ryan does want some of america's biggest corporations to start coughing up, and he mentioned general electric which made more than $3 billion last year and paid no federal tax. all legally. ryan says the loopholes need to be closed so that the corporate titans of america also pay their federal taxes. bret? >> steve brown, live in wisconsin tonight. thank you. >> we are going to now lift the curtain a bit tonight on the whole debt ceiling issue. what is it? what happens if congress refuses to raise it? here is correspondent james rosen. >> since 1917, the federal law limited how much debt uncle sam can run up. ten t
they avoid the tax increases to bring down the deficit. one constituent on whether it's better to cut spending or raise taxes inzationed. >> you have to do both. >> i believe the best way to getting higher revenues is better, faster economic growth. >> i'm fearful that if we go down the tax increasing route, we will actually slow down the economy which will make it harder for us to balance the budget and pay off the debt. >> but ryan does want some of america's biggest...
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Oct 30, 2009
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bret: i said at the beginning not reducing the deficit but i meant not adding to the deficit, obviously, the president's demand that it not do that, and this new bill under its current formulation doesn't add to the deficit. >> right, you can write a bill on paper that meets the c.b.o. kai tear ya. you have to pass the bill, and then i guess you're held accountable for whether it does what you say it is going to do. >> the c.b. o, the congressional budget office, they calculate and score what you tell them to calculate and score. >> if you say you're going to raise taxes by 300% on people, they will buy in it this amount of revenue. bret: so calculate it up and the numbers -- >> yeah. you have to pass it and like i said, eventually it will work. today at the white house, the president was talking about healthcare to small businesspeople who were instrumental in killing the clinton's healthcare reform issue years ago and he said 90% of you are going to be exempt from the requirement that you either provide healthcare to your employees or pay a fee if you don't. now, congress hasn't actua
bret: i said at the beginning not reducing the deficit but i meant not adding to the deficit, obviously, the president's demand that it not do that, and this new bill under its current formulation doesn't add to the deficit. >> right, you can write a bill on paper that meets the c.b.o. kai tear ya. you have to pass the bill, and then i guess you're held accountable for whether it does what you say it is going to do. >> the c.b. o, the congressional budget office, they calculate and...
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will congress find a way to cut the deficit? we'll talk with two key capitol hill players, the chairman of the senate budget committee, kents conrad and one of the new house republican leaders, jeb hensarling and as the g.o.p. prepares to take control of the house. we'll ask former speaker and possible presidential candidate newt gingrich about the changing balance of power in washington. plus, president obama makes a surprise trip to afghanistan, as wikileaks reveals what u.s. officials really think of hamid karzai. we'll ask our sunday panel what happens next in the war there. and, our power player of the week. a real life doctor house, trying to solve medicalysteries, all, right now, on fox news. >> chris: and, hello, again from fox news in washington. with tax cuts and deficit reduction the hot topics in washington were joined by two members of the debt commission, kent conrad, chairman of the senate budget committee and from dallas, congressman jeff hensarling, one of the house republican leaders and, gentlemen, welcome bac
will congress find a way to cut the deficit? we'll talk with two key capitol hill players, the chairman of the senate budget committee, kents conrad and one of the new house republican leaders, jeb hensarling and as the g.o.p. prepares to take control of the house. we'll ask former speaker and possible presidential candidate newt gingrich about the changing balance of power in washington. plus, president obama makes a surprise trip to afghanistan, as wikileaks reveals what u.s. officials really...
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he lost control of the deficit. he has us control the healthcare debate, and the story, right now, is there going to lose this one. >> you think the president wants responsibility for this? every time he is asked about it he says he know this is eric holder's decision. >> we noted at the people who wrote the memos that said this is okay. this'll be like private and england. we're going to get the people at the bottom who thought they were doing the right thing to mac jane is exactly right. as a great president who is man enough to take response but for things, eric truman said the book starts he -- buck stops here. >> the national security applications. the media is ignoring what this means from a national security perspective to mecca have been ignoring it but they don't point out often enough that a special prosecutor is in charge of this, which means that really neither the president nor even eric holder are going to be really responsible for the outcome because it is the special prosecutor's decision on whether
he lost control of the deficit. he has us control the healthcare debate, and the story, right now, is there going to lose this one. >> you think the president wants responsibility for this? every time he is asked about it he says he know this is eric holder's decision. >> we noted at the people who wrote the memos that said this is okay. this'll be like private and england. we're going to get the people at the bottom who thought they were doing the right thing to mac jane is exactly...
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Dec 7, 2009
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we have been talking about the deficit every year, deficit, deficit. right now, the media problem is jobs. get it back in the hands of the american people so they can start spending it. they're not making any money. we are not paying taxes. we need to start creating jobs where people start spending now. >> we need to start creating jobs. we know government doesn't create jobs. we know that the private sector does. if you were going to take your plan and do something with it, it costs $240,000 per job based on the last deal, we were going to spend ourselves to kingdom come. brenda: what if i told you the tarp money would be used for tax credits for small businesses or something like that? >> you don't need to do $500 billion. we could take $50 billion, focus on small businesses an investment over the next two years and that would multiply into $500 billion and we would create 2, 3 million real jobs, not fake jobs. that i can get behind because it pays for itself and new tax revenues and new income. >> i don't think we're going to see secretary smith at
we have been talking about the deficit every year, deficit, deficit. right now, the media problem is jobs. get it back in the hands of the american people so they can start spending it. they're not making any money. we are not paying taxes. we need to start creating jobs where people start spending now. >> we need to start creating jobs. we know government doesn't create jobs. we know that the private sector does. if you were going to take your plan and do something with it, it costs...
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Sep 10, 2009
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says add to the deficit? >> the c.b.o. is the ultimate arbiter whether something adds to the deficit or not. >> if nancy pelosi's a leader of the start-over caucus, i am going to march proudly behind her. i think that's exactly what she shiewd do. this is gimmickry. charles is right. they're saying whatever they need to say right now, because they feel desperate. they feel they need to have some accomplishment, which we talked about on this panel for months now. there needs to be something they can say. there needs to be something they can campaign on. i think they are now actually in real jeopardy of not having that, and i think they're feeling it, and this is one of the reasons they're basically saying whatever they can say to please whatever constituency. >> i think that the area in the speech that was the most avoidance specifics was the how you pay for it part. he said i'm not going to sign it unless it doesn't add to the deficit and he said tax the gold plated plans which he will level on the insurance companies. bre
says add to the deficit? >> the c.b.o. is the ultimate arbiter whether something adds to the deficit or not. >> if nancy pelosi's a leader of the start-over caucus, i am going to march proudly behind her. i think that's exactly what she shiewd do. this is gimmickry. charles is right. they're saying whatever they need to say right now, because they feel desperate. they feel they need to have some accomplishment, which we talked about on this panel for months now. there needs to be...
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Feb 13, 2013
02/13
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adds a dime to deficit. >> only way to do it, not add one dime to the deficit. >> it doesn't add a dime to the deficit. >> with that, bring in the panel. jonah goldberg of national review online. juan williams, columnist with the hill and sindcated columnist charles krauthammer. jonah, your thoughts on this post "state of the union." we didn't hear your thoughts last night. >> i think that there is a reason why first of all this was the lowest viewed, lowest rating "state of the union" in 14 years. people are turned off by politics. all of this talk about the liberal ascendancy and liberals in charge. republicans in disarray. the two most emotional pitches he made were for gun control and immigration reform. on gun control, all he is asking for is a vote. he just wants a vote. on immigration, which is our issue the only way to get it across is if he doesn't get it involved. in a lot of ways the "state of the union" was a tacit position of how weak his position is right now. there were stolen bases and intellectually silly things from the minimum wage stuff on down. but ultimately, it wa
adds a dime to deficit. >> only way to do it, not add one dime to the deficit. >> it doesn't add a dime to the deficit. >> with that, bring in the panel. jonah goldberg of national review online. juan williams, columnist with the hill and sindcated columnist charles krauthammer. jonah, your thoughts on this post "state of the union." we didn't hear your thoughts last night. >> i think that there is a reason why first of all this was the lowest viewed, lowest...
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Oct 7, 2012
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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Jul 16, 2009
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we should reduce the deficit." we have to reduce the deficit, for this generation and generations to come. i support her in that effort. neil: i know you're saying that, but if you are really rich, and all of the sudden you were told that the 5.4% surtax you would have slapped on you to pay for health care was going to be for health care and you knew your top rate would go up, ostensibly to even things out from the bush years -- all of the sudden, 5.4% of the height is for another reason. >> i do not know what the context is. she was saying with more money in the treasury, we will apply that to deficit reduction, which would be appropriate. if in fact we conclude that the rate was there, we ought to modify that percentage. we would have to look clearly at the context in which it was said and what again with the estimate of what cost and revenues would be. neil: are you losing control of this? do you feel it is slipping away? >> no. i do not. every member of the democratic caucus believes we need to have health care
we should reduce the deficit." we have to reduce the deficit, for this generation and generations to come. i support her in that effort. neil: i know you're saying that, but if you are really rich, and all of the sudden you were told that the 5.4% surtax you would have slapped on you to pay for health care was going to be for health care and you knew your top rate would go up, ostensibly to even things out from the bush years -- all of the sudden, 5.4% of the height is for another reason....
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but what do these deficits mean economically? >> when you have a deficit you have to issue debt in order to get the money. and what the congressional budget office has said is that the amount of debt that the government is going to have to issue is unsustainable. you have to find somebody who will buy your debt and give you that money and you have to service the debt and you eventually have to repay it. so this isn't money for nothing. it has to come from somewhere and it's not sustainable. >> paul: obama's argument would beat we needed to run these deficits. i inherited hon of it. besides, we have a big recession we need attorneys deficits because they help to stimulate the economy, to the soundtrack and this is only temporary. >> generally that's what you would hope. you have a deficit but to start growing it if you grow fast enough that you can pay down what you will. but the problem is that the projections for growth.buckroe good. and part of the reason is because once the debt gets to a certain level, politicians start stepp
but what do these deficits mean economically? >> when you have a deficit you have to issue debt in order to get the money. and what the congressional budget office has said is that the amount of debt that the government is going to have to issue is unsustainable. you have to find somebody who will buy your debt and give you that money and you have to service the debt and you eventually have to repay it. so this isn't money for nothing. it has to come from somewhere and it's not...
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Jul 26, 2010
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now, the deficit versus tax cuts. all of a sudden the republicans don't dare with the deficit, they just care about the tax cuts. the problem for the obama administration s they are also a little bit pregnant on this, they want most of the tax cuts to continue, too, which is also bad for the deficit. i think there has to be some kind of a deal. maybe continue temporarily. inch steadx breaks industry of the high end ones. being accused of racing taxes is not where the obama administration wants to be and they -- >> chris: they don't mind raising taxes for the wealthy. >> wealthy, but it is a big charge to be raising taxes in a recession and also adding to the deficit. two problems. >> chris: one of the other factors in the whole debate about deficits versus the recovery and keeping it going, is fed chairman ben bernanke who this week said in the short-term we have to be more concerned about economic recovery and we can worry about the deficit once we get to the mid term. he thinks that the recovery is fragile enough yo
now, the deficit versus tax cuts. all of a sudden the republicans don't dare with the deficit, they just care about the tax cuts. the problem for the obama administration s they are also a little bit pregnant on this, they want most of the tax cuts to continue, too, which is also bad for the deficit. i think there has to be some kind of a deal. maybe continue temporarily. inch steadx breaks industry of the high end ones. being accused of racing taxes is not where the obama administration wants...
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Dec 13, 2010
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if you make the deficit big enough eventually we will only see zeros, no deficits. if you keep adding to it eventually it will reach infinity and we turn our heads sideways and boom it's an 8. >> do americans really care about the deficit or is it only when the money the deficit is borrowing is being spent on someone else? in the sued yo outgoing democratic congressman and retired haif sri admiral joins us while retired fbi special agent frank keating is with us from washington tonight. welcome. you get a vote. you are still there lame duck or not congressman, admiral. you voting up or down? i got to ask. >> are you voting up or down. >> they should have had the courage after this. 6 months prior to the election each time i thought they should handle it. right now we have given a gun to the other side. it can be held at the working family and the unemployed. we can't permit the trigger to be fooled. >> the terrorists and hostage. >> are you being intentionally dramatic on this? >> it is a concern. the fact that 52 percent of all of the tax cuts during the bush years
if you make the deficit big enough eventually we will only see zeros, no deficits. if you keep adding to it eventually it will reach infinity and we turn our heads sideways and boom it's an 8. >> do americans really care about the deficit or is it only when the money the deficit is borrowing is being spent on someone else? in the sued yo outgoing democratic congressman and retired haif sri admiral joins us while retired fbi special agent frank keating is with us from washington tonight....
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Nov 28, 2009
11/09
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he walked into the office with zero deficit. >> he walked in with a 23r5 but possibly not an office deficit. >> but how new orleans when we're talking right now at borrowing another 2 $,er created about seven million or suggest million jobs. sflop there were financial services and home building and construction that wasn't sustainible. that argument i could at least swallow. >> gary b., weigh in here. >> well, if gina was right, all the two terms fdr was in office? he would have gotten unemployment 40 averaged at least though and four or five recessions. >> 25% of the population was -- >> he created a recession within a depression because it created 19 years of unemployment. >> bigger deficits that -- >> but pat dorsey, i want to give you the final to >> i think key thing is don't get up in arpshobt ho that means toumping things like medicare, medicaid, social sourt hero >> and until we change those things we do not change the path we're on. >> all right. don't any foe forper o'bpaaa economic advisory and reagan economic advisory and tom ridge just so of his special guests this thursday at
he walked into the office with zero deficit. >> he walked in with a 23r5 but possibly not an office deficit. >> but how new orleans when we're talking right now at borrowing another 2 $,er created about seven million or suggest million jobs. sflop there were financial services and home building and construction that wasn't sustainible. that argument i could at least swallow. >> gary b., weigh in here. >> well, if gina was right, all the two terms fdr was in office? he...
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Feb 13, 2013
02/13
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in particular, deficit. when barack obama said it was not going to add a dime to have deficit there is a positive reaction among republicans and democrats. let's take a look at that clip. >> nothing i'm proposed tonight should increase our deficit by a dime. it is not a bigger government we need but a smarter government that sets priorities and invests in broad-based growth. that is what we should be looking for. >> there were rare moments when republicans and democrats azbreed i want to ask one question. do you believe him that his policies will not add to the deficit? do you believe it?. >> no. no. >> why don't you believe it?. >> look at the deficit. it keeps growing spiralling out of control continuing to grow. i don't see evidence it's going the other way. >> he made a commitment it won't go up. >> he's got to come up with it. >> he said $3,000 for people to refinance their homes we'd get a tax break for that. but he didn't tell us where it's going to come from. >> i believe he is believing what he want
in particular, deficit. when barack obama said it was not going to add a dime to have deficit there is a positive reaction among republicans and democrats. let's take a look at that clip. >> nothing i'm proposed tonight should increase our deficit by a dime. it is not a bigger government we need but a smarter government that sets priorities and invests in broad-based growth. that is what we should be looking for. >> there were rare moments when republicans and democrats azbreed i...
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Aug 1, 2012
08/12
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he said he would cut the deficit in half. he's given us the largest deficits. and he called george bush unpatriotic for and irresponsible about, he's given us $5.5 trillion in debt in 3.5 years. george gave us 3 in eight years. >> sean, i can't believe you are mimicking that statistic that the president himself has stopped talking about. he is the biggest spender in american history. he has increased the size of government at the federal level. he has sent moneys to the states and municipalities and have them increase the size of government. he's increased debt and we have people who are still looking for jobs after four years. >> john, when you know that in fact what we are seeing in state and local government is a terrific error of retrenchment. and there's a big drag on the company right now. the private sector is adding jobs. what we are seeing cuts in terms of people that are firefighters, policeman, and that's where the cuts are coming. and so when you talk about added spending, i think what you are referring to is the stimulus. remember, americans got ta
he said he would cut the deficit in half. he's given us the largest deficits. and he called george bush unpatriotic for and irresponsible about, he's given us $5.5 trillion in debt in 3.5 years. george gave us 3 in eight years. >> sean, i can't believe you are mimicking that statistic that the president himself has stopped talking about. he is the biggest spender in american history. he has increased the size of government at the federal level. he has sent moneys to the states and...
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Nov 21, 2009
11/09
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it's had a huge impact on the deficit. most of the deficit right now is because of revenue drops and the automatic stabilizer increases. so obama's done a good job of being proactive on that and trying to bring the economy back to a level where we can actually have fiscal balance. the second thing is health care we've got health care increases. there's no way we get our long-term deficits under control unless we start bending that curve. and the c.b.o. recently said that this recent senate bill actually does that to a certain extent. third thing is the culture. cheryl: jonathan? >> at the end of the day, cheryl, talk is cheap. the president spent more than nine months than bill clinton did in eight years. we have a deficit of 1.4 trillion. where is the money going? not to police, not to courts, not to actual proper responsibilities of government but to social problems. the president does have a lot of big ideas. there's not a social ill for a big ticket government program whether it's education, health, climate change or a
it's had a huge impact on the deficit. most of the deficit right now is because of revenue drops and the automatic stabilizer increases. so obama's done a good job of being proactive on that and trying to bring the economy back to a level where we can actually have fiscal balance. the second thing is health care we've got health care increases. there's no way we get our long-term deficits under control unless we start bending that curve. and the c.b.o. recently said that this recent senate bill...
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Dec 28, 2010
12/10
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they will hit the deficit issue. and, two, they will say the republicans are heartless, that there are people would have been given insurance and coverage because they have a pre-existing condition and could not get one before and those people are now having their lives saved because of this plan. are republicans bad people? are you a bad person? >>guest: the state of colorado was doing a great job before obamacare came along. for high-risk folks. there are about 13,000 people in the colorado plan right now compared to 439 under obama's plan. so, we were already doing what needed to be done for high-risk people. so the republican position is along these lines: we want everyone to be covered that needs to be covered, but we would prefer to do it on a state level rather than a federal level. >> absolutely. the most projections here in colorado are that 4,000 people would go into the federal plan by 2014, less than .1 percent of the state population. and for that we have to do $1 trillion plan to rewrite everybody's hea
they will hit the deficit issue. and, two, they will say the republicans are heartless, that there are people would have been given insurance and coverage because they have a pre-existing condition and could not get one before and those people are now having their lives saved because of this plan. are republicans bad people? are you a bad person? >>guest: the state of colorado was doing a great job before obamacare came along. for high-risk folks. there are about 13,000 people in the...
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Jul 23, 2009
07/09
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deficit. the congressional budget office has come out with a pretty sour projection when it comes to whether it will raise the deficit. that is one of the things the president will talk about tonight. president barack obama. >> before i take your questions, i want to talk about the progress we are making on health insurance reform and where it fits into our broader economic strategy. six months ago, i took office amid the worst recession in half a century. we were losing an average of 700,000 jobs per month and our financial system was on the verge of collapse. as a result of the actions we took in those first weeks, we have been able to pull our economy back from the brink. we took steps to stabilize our financial institutions and our housing market. we passed the recovery act that has already saved jobs and created new ones. it has delivered billions in tax relief to families and small businesses and extended unemployment insurance and health insurance to those who have been laid off. we sti
deficit. the congressional budget office has come out with a pretty sour projection when it comes to whether it will raise the deficit. that is one of the things the president will talk about tonight. president barack obama. >> before i take your questions, i want to talk about the progress we are making on health insurance reform and where it fits into our broader economic strategy. six months ago, i took office amid the worst recession in half a century. we were losing an average of...
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Aug 25, 2009
08/09
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not so with these deficit projections. they are just looks at what the deficit could mean for unemployment and other things. these numbers, though i-popping do not have the political weight behind them that cbo projections due on actual legislative projections, as we have seen on health care. megyn: here is what i understand. it is going to be big. >> it is big and it is getting bigger. megyn: thank you, sir. rick: this adds up to real money after a while. washington is going to be spending a lot more than it is taking in. what does this mean for the $1 trillion health care package? we're joined by republican congressmen tom price. good to talk to you again. thank you so much for being here. another projection -- this $1.20 trillion back into congress's pocket. is this found money, the equivalent of as finding a $20 bill and our pocket? if these new projections are right, is this going to put more power behind the liberals in congress's push to get a healthcare plan pushed through? >> the fact of the matter is that as a ph
not so with these deficit projections. they are just looks at what the deficit could mean for unemployment and other things. these numbers, though i-popping do not have the political weight behind them that cbo projections due on actual legislative projections, as we have seen on health care. megyn: here is what i understand. it is going to be big. >> it is big and it is getting bigger. megyn: thank you, sir. rick: this adds up to real money after a while. washington is going to be...
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Feb 14, 2013
02/13
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without adding a dime to our deficit. >> i won't sign it if that reform adds even one dime to our deficit in the next decade and i mean what i say. >> simple rule, congress can't spending a dime without cutting a dime elsewhere. >> fully paid for and will not add one single dime to our deficit. >> we will not pay for health insurance reform by adding to our deficit. i will not sign a bill that adds a dime to our deficit. either now or in the future. >> i will not sign a plan that adds one dime to our deficit. >> the only way we can do that. >> it will not add one dime to our deficit. >> and washington started taking responsibility for every dime, it doesn't add a dime to our deficit. >> 58.6 trillion dimes, mr. levin. >> you know, i would say to the president, why do you keep lying? why do you keep lying to the american people, a castro-like speech last night albeit in english, lie after lie after lie i'll tell you why you keep lying because your record stinks. 23 million people are unemployed. real unemployment is almost 15%. you didn't say any of this in your long speech last night. one
without adding a dime to our deficit. >> i won't sign it if that reform adds even one dime to our deficit in the next decade and i mean what i say. >> simple rule, congress can't spending a dime without cutting a dime elsewhere. >> fully paid for and will not add one single dime to our deficit. >> we will not pay for health insurance reform by adding to our deficit. i will not sign a bill that adds a dime to our deficit. either now or in the future. >> i will not...
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Aug 30, 2009
08/09
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he lost control of the deficit. he has us control the healthcare debate, and the story, right now, is there going to lose this one. >> you think the president wants responsibility for this? every time he is asked about it he says he know this is eric holder's decision. >> we noted at the people who wrote the memos that said this is okay. this'll be like private and england. we're going to get the people at the bottom who thought they were doing the right thing to mac jane is exactly right. as a great president who is man enough to take response but for things, eric truman said the book starts he -- buck stops here. >> the national security applications. the media is ignoring what this means from a national security perspective to mecca have been ignoring it but they don't point out often enough that a special prosecutor is in charge of this, which means that really neither the president nor even eric holder are going to be really responsible for the outcome because it is the special prosecutor's decision on whether
he lost control of the deficit. he has us control the healthcare debate, and the story, right now, is there going to lose this one. >> you think the president wants responsibility for this? every time he is asked about it he says he know this is eric holder's decision. >> we noted at the people who wrote the memos that said this is okay. this'll be like private and england. we're going to get the people at the bottom who thought they were doing the right thing to mac jane is exactly...
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Jun 27, 2010
06/10
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will in fact meet its deficit reduction goals in the medium and long term? >> president barack obama: several steps we have already begun to take. number one, as i indicated, the budget that we are presenting, three years discretionary, domestic spending freeze. and, i spent a clear signal to the leadership when we met, even if we do not get the entire budget package passed through congress, that top-line number needs to stay firm. and i'm serious about it. we have initiate a whole host of measures to cut programs that aren't working. including by the way, in the defense area. bob gates has been, i think, as successful as any secretary of defense in recent memory, in actually killing programs which i think anybody who follows washington knows is very tough, very difficult. we've instituted paygo, and although there were baselines built in that took into account the fact that some of the stuff was not going to be solved overnight, it is starting to provide budget discipline, to congress, as they move forward. and, we have set up the fiscal commission who will
will in fact meet its deficit reduction goals in the medium and long term? >> president barack obama: several steps we have already begun to take. number one, as i indicated, the budget that we are presenting, three years discretionary, domestic spending freeze. and, i spent a clear signal to the leadership when we met, even if we do not get the entire budget package passed through congress, that top-line number needs to stay firm. and i'm serious about it. we have initiate a whole host...
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Jul 23, 2009
07/09
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deficit. the congressional budget office has come out with a pretty sour projection when it comes to whether it will raise the deficit. that is one of the things the president will talk about tonight. president barack obama. >> before i take your questions, i want to talk about the progress we are making on health insurance reform and where it fits into our broader economic strategy. six months ago, i took office amid the worst recession in half a century. we were losing an average of 700,000 jobs per month and our financial system was on the verge of collapse. as a result of the actions we took in those first weeks, we have been able to pull our economy back from the brink. we took steps to stabilize our financial institutions and our housing market. we passed the recovery act that has already saved jobs and created new ones. it has delivered billions in tax relief to families and small businesses and extended unemployment insurance and health insurance to those who have been laid off. we sti
deficit. the congressional budget office has come out with a pretty sour projection when it comes to whether it will raise the deficit. that is one of the things the president will talk about tonight. president barack obama. >> before i take your questions, i want to talk about the progress we are making on health insurance reform and where it fits into our broader economic strategy. six months ago, i took office amid the worst recession in half a century. we were losing an average of...
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Apr 17, 2010
04/10
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, not increase the deficit. and you know what? he was right in addresses folks who ought to be thankful. 95% of americans received a tax cut and no american has received a tax increase under obama. i'm perplexed. >> one thing i have -- i have spoke don't tea partiers and they can do math. number one, under obama care, about 75 to 80% of all americans over 18 would take more cash for services outs of our federal economy or spending than put in. number one, number two, you talk about 95 and 5. well, 5 to 10% of americans are paying the freight for the others. they know the tax is coming because 18 new taxes came in the obama care bill. 118 new bureaucracies. the rich people are tapped out. >> gary, are you saying thank you? >> oh, yeah, i'm saying thanks for nothing. you know, a couple points that christian made, let me address. first of all, you know, president obama bills this as tax cuts. most people think of tax cuts, they go to their tax form and see their marginal rate reduced, getting $200 in your paycheck
, not increase the deficit. and you know what? he was right in addresses folks who ought to be thankful. 95% of americans received a tax cut and no american has received a tax increase under obama. i'm perplexed. >> one thing i have -- i have spoke don't tea partiers and they can do math. number one, under obama care, about 75 to 80% of all americans over 18 would take more cash for services outs of our federal economy or spending than put in. number one, number two, you talk about 95 and...
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Jul 7, 2011
07/11
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does the president believe this is a fake deficit crisis? >> absolutely not. we don't agree with that in the slightest. in fact, the first thing i said here even with you is that this is not just about giving people the coverage to vote for debt limit. this president believes to create that kind of confidence we need to unleash funds and unleash long-term ininvestments that create jobs. we need to show market and the american people we can bring down the deficit and put ourselves on a more sustainable course. of course you have to do it in a smart way, not a way to hurt recovery. he wants to do things like extent the payroll tax cut and help 150 million families make ends meet and make sure we have the demand to give job creation the boost it needs. bipartisan idea. this president believes very much that this is an affirmative, positive goal to bring down our deficit in a way that invests in our future and still helps the recover create jobs. >> bret: i want to ask you one more thing, gene, about your former boss. former president clinton was in aspen this pas
does the president believe this is a fake deficit crisis? >> absolutely not. we don't agree with that in the slightest. in fact, the first thing i said here even with you is that this is not just about giving people the coverage to vote for debt limit. this president believes to create that kind of confidence we need to unleash funds and unleash long-term ininvestments that create jobs. we need to show market and the american people we can bring down the deficit and put ourselves on a...
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Oct 4, 2012
10/12
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you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you said it in 2010, you said, i am going to extend the tax policies i have. i am not going to raise taxes because when the economy's slow and we are in recession, you shouldn't raise taxes on anyone. the economy is still slow. as a matter of fact, it's growing more slowly now than when you made that statement. if you believe the same thing, you don't want to raise taxes on people. the reality is, it is not just donald trump you are taxing. it is all those businesses that employ one-quarter of the work fwherz america. these small businesses that are taxed as individuals. you
you said you would cut the deficit in half. we have trillion-dollar deficits. cbo says we will have a trillion-dollar deficit each of the four years. you have said before, you would cut the deficit in half. i love this idea of $4 trillion in cuts and ways to reduce or get closer to a balanced budget, but we show trillion-dollar deficits every year that. doesn't get the job done. let me say, why is it that i don't want to raise taxes? why don't i want to raise taxes on people? and actually, you...
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Apr 14, 2010
04/10
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in measured tones he painted strokes of deficit red. >> the deficit will recede somewhat in the next two years as stimulus measures wind down and economic recovery leads to higher revenues. thereafter, however, the annual deficit is expected to remain high through 2020. in the neighborhood of 4-5% of g.d.p. >> reporter: g.d.p. the combined value of all the goods and services we produce. each deficit requires treasury department to sell bonds and finance accumulated federal debt. under the best of scenarios the ratio of debt to g.d.p. which is one indicator of national economic health would be well over 70%. but that assumes congress and the white house won't do what they've already promised. that is extend most bush era tax cuts and adjust the alternative minimum tax and ways to protect middle class earners from the heavy levies. under this far more likely scenario, bernanke warned annual deficit and the accumulated debt would surge to historic levels. >> the deficit at the end of 2020 would be 9% of g.d.p., and the federal debt would balloon to more than 100% of g.d.p. >> reporter:
in measured tones he painted strokes of deficit red. >> the deficit will recede somewhat in the next two years as stimulus measures wind down and economic recovery leads to higher revenues. thereafter, however, the annual deficit is expected to remain high through 2020. in the neighborhood of 4-5% of g.d.p. >> reporter: g.d.p. the combined value of all the goods and services we produce. each deficit requires treasury department to sell bonds and finance accumulated federal debt....
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Nov 14, 2009
11/09
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a massive deficit. and the problem is, you're approaching $12 trillion in debt, and exploding the servicing of just that debt is about $350 billion so. we're borrowing money just to pay off the interest on the money we've borrowed and getting deeper and deeper. stop spending! up end the madness! >> but maria, also, you know, just because up say over and over again, well, the president intends, the president intends, we all have great intentions. but it's the math that doesn't work. and just simple, if you cut the 35% discretionary by 5%, but the 65% of nondiscretionary goes up 8% or 10%, it you've already missed your number, number one. number two, remember, they made the assumptions of all the great stuff they did on 4% g.d.p. growth, which we haven't gotten close to. so all of their assumptions so far have been proven to be wrong. every one. why should we believe the next one would be right? brenda: quickly, maria. >> first of all, they realize that this, again, this meltdown was much worse than what
a massive deficit. and the problem is, you're approaching $12 trillion in debt, and exploding the servicing of just that debt is about $350 billion so. we're borrowing money just to pay off the interest on the money we've borrowed and getting deeper and deeper. stop spending! up end the madness! >> but maria, also, you know, just because up say over and over again, well, the president intends, the president intends, we all have great intentions. but it's the math that doesn't work. and...